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Updated: 3:58 PM EST, Nov 8, 2024
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Cannabis Stocks Plunged After Florida Legalization Failed: Rational Reaction Or Market Overreach?
Today 14:35 EST
Florida's failed adult-use cannabis vote led to a $2.6B loss in market cap. Was the market reaction justified? Earnings data adds uncertainty.
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
The Cannabist Co. Q3 Revenue Declines 8%, Completes $5M Asset Sale, Exits Florida Market Amid Restructuring
November 07, 2024
The Cannabist Company's Q3 2024 results reflect revenue impact from asset sales and strategic shifts; completes $5M Florida asset sale
Via
Benzinga
M&A Frenzy And Deflation Post-Election: Which Companies Are Ready To Win Big In Florida's Cannabis Market
October 26, 2024
November's election could bring significant growth opportunities—or intensified competition for cannabis companies in the Florida market.
Via
Benzinga
Topics
Cannabis
Economy
Exposures
Cannabis
Interest Rates
Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes
October 14, 2024
The Colorado Department of Revenue reported 673 cannabis dispensaries by the end of August, with an average revenue of $162,000 per store.
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
EXCLUSIVE: Cannabis Companies Must 'Get More Juice From The Same Squeeze,' Says Cresco Labs CEO As Challenges Persist
October 09, 2024
Charlie Bachtell, CEO of Cresco Labs, discusses the challenges of balancing scale, productivity, and margins in the cannabis industry.
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
Lender Expresses Concern Over Cannabist Company's 'Pray And Hope' Approach
October 04, 2024
FiSai criticizes The Cannabist's financial mismanagement and heavy debt load, raising concerns about its financial situation...
Via
Benzinga
Chicago Cannabis Giant Verano To Report Quarterly Financial Results Post Major Acquisition
October 04, 2024
Multi-state cannabis company Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) will release financial results for the third quarter ended Sept. 30, 2024, before the market opens on Thursday, Nov. 7,...
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
Chart Of The Week: Cannabis Credit Markets Are Hot Across the Credit Quality Spectrum
September 16, 2024
The cannabis debt market is HOT! The five issues shown on the chart were all completed in the third quarter of 2024 (with two weeks remaining) and account for approximately $632M of proceeds, greater...
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
NY Cannabis Giant The Cannabist Strengthens Presence In East Coast Market Via Brand Debut
September 11, 2024
The New York cannabis giant The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) has debuted its brand Seed & Strain in Pennsylvania.What Happened: Seed & Strain is introduced...
Via
Benzinga
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Cannabis
Exposures
Cannabis
Ohio's Cannabis Sales Reach $44M As New Customers Just Keep Coming And Demand Is Not Slowing
September 05, 2024
Ohio recreational marijuana sales soar past $44M as demand remains high. Columbus dispensaries see strong growth, with no slowdown in sight.
Via
Benzinga
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Cannabis
Exposures
Cannabis
Cannabis Joint Venture Secures Major Florida Deal Amid Trump Endorsement Of Marijuana Legalization
September 03, 2024
Private multi-state operators MINT Cannabis and Shango announced on Tuesday they have entered into a definitive agreement to acquire all membership interests in The Cannabist Company Holdings Inc.'s...
Via
Benzinga
Topics
Cannabis
Government
Exposures
Cannabis
Political
Leading US Cannabis Operator Gets Buy Rating Amid Strategic Divestment And Growth Initiative
August 26, 2024
Canaccord Genuity gives Cannabist Company Holdings a Buy rating. Discover how strategic divestments support their growth. Read now!
Via
Benzinga
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Cannabis
Exposures
Cannabis
$16.4M Asset Sale Marks The Cannabist Company's Florida Exit In Streamlining Effort
August 23, 2024
The Cannabist Company Holdings Inc. (OTCQX: CBSTF) (FSE: 3LP) announced on Friday that it has entered into a definitive agreement with a leading multistate operator to acquire the 40,000-square-foot...
Via
Benzinga
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Cannabis
Exposures
Cannabis
Arizona Cannabis Market Faces Decline In Sales Though Valuations Remain Strong
August 22, 2024
Arizona's cannabis market faces declining sales and increasing competition, yet asset valuations remain strong. Discover the market dynamics at play in this evolving industry.
Via
Benzinga
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Cannabis
Exposures
Cannabis
Cannabis Co. Verano Completes $105M Acquisition Of Arizona, Virginia Operations From Leading US Operator
August 22, 2024
Via
Benzinga
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Cannabis
Exposures
Cannabis
Cannabis Chart Of The Week: Which Leverage Metric Should Investors Keep A Close Eye On?
August 19, 2024
The cannabis credit markets have come back to life with several major refinancings, including Ascend (OTC: AAWH), TerrAscend (OTC: TSNDF), and Jushi (OTC: JUSHF).
Via
Benzinga
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Cannabis
Exposures
Cannabis
New York's Cannabist Co. Brings New Cannabis Infused Products To Maryland's Billion-Dollar Weed Market
August 16, 2024
The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) announced the debut of the minority-owned baked goods and infused edibles company, ButACake in Maryland. The expansion of...
Via
Benzinga
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Cannabis
Exposures
Cannabis
New York's The Cannabist Company: Q2 Revenue Declines 3% YoY, Reduces Net Loss As It 'Strives To Build A Better Business'
August 08, 2024
Via
Benzinga
Verano Holdings Q2 $222M Revenue In Line QoQ, Net Loss Widens To $22M Ahead of Cannabist Co. Acquisition
August 07, 2024
Via
Benzinga
$105M Deal: Verano To Acquire Cannabist Co.'s Operations In Virginia And Arizona
July 29, 2024
Verano acquires The Cannabist Co.'s Virginia and Arizona operations, expanding its cannabis footprint to 14 states with 150 dispensaries.
Via
Benzinga
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Cannabis
Exposures
Cannabis
Cannabis Is Flying Off The Shelves In These Five States, Earning Billions For Marijuana Companies
July 22, 2024
The number of states where recreational weed is legal is growing each year. Top-selling states like California and Michigan have reported $2.1 billion and $1.6 billion, respectively, in sales for the...
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
Growing East Coast Cannabis Markets See New Product Launches By Old Pal
July 19, 2024
The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP), formerly Columbia Care, announced on Thursday the expansion of its partnership with a lifestyle cannabis brand Old Pal...
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
Massachusetts Cannabis Sales Decline Slightly In June, Despite Annual Quarterly Growth
July 08, 2024
Explore Massachusetts' cannabis market trends in June: sales dynamics, category performance, and major players' impact. Read now!
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
7 Cannabis Stocks to Sell in July Before They Crash & Burn
July 04, 2024
With marijuana still facing legalization limbo, it's high time to bail on these seven cannabis stocks to sell.
Via
InvestorPlace
Topics
Cannabis
Exposures
Cannabis
Cannabis Chart Of The Week: Is Financial Strength Related To YTD Stock Performance?
June 24, 2024
The Viridian Chart of the Week explores the relationship between financial strength and YTD stock performance.
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
Here's Where To Buy Legal Weed: New Cannabis Shop In Times Square And More Retail Updates From Six States, Beyond Borders
June 21, 2024
The New York Cannabis Control Board officially approved home cultivation rules for residents in June, allowing those 21 and older to grow their weed at home, by specific plant count limits. ILGM (I...
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
New York Weed Giant The Cannabist Is Selling Its Florida Business, Here's Why
June 17, 2024
The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) - formerly known as Columbia Care - announced on Monday a series of initiatives as it seeks to transform its business to...
Via
Benzinga
Is New Jersey The Next Cannabis Capital? Find Out At Benzinga's June 17 Event
May 30, 2024
Benzinga, a rapidly expanding financial news platform, is gearing up for its next Cannabis Market Spotlight event and Canna Founders Pitch Competition. The event, scheduled for
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
Ohio Medical Marijuana Companies Transition To Recreational Market, Sales Expected Soon
May 21, 2024
Ohio's legal marijuana market is expected to significantly cut down on illicit sales by making it easier for Ohioans to access weed.
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
EXCLUSIVE - System Of A Down's Shavo On Cannabis Rescheduling: 'Still A Long Way To Go But It's A Huge Milestone'
May 17, 2024
Shavo Odadjian, founder of cannabis brand 22Red and bassist for the heavy metal band System of a Down welcome the recent announcement from President Joe Biden that marijuana will
Via
Benzinga
Topics
Cannabis
Exposures
Cannabis
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